Eligible Receivables means and include with respect to each Borrower, each Receivable of such Borrower arising in the Ordinary Course of Business and which Agent, in its sole credit judgment, shall deem to be an Eligible Receivable, based on such considerations as Agent may from time to time deem appropriate. A Receivable shall not be deemed eligible unless such Receivable is subject to Agent’s first priority perfected security interest and no other Lien (other than Permitted Encumbrances), and is evidenced by an invoice or other documentary evidence satisfactory to Agent. In addition, no Receivable shall be an Eligible Receivable if:
Eligible revenue means the property tax increment and any
Eligible Receivable means, at any time, a Receivable:
Ineligible Receivable shall have the meaning specified in subsection 2.04(d)(iii).
Ineligible Receivables shall have the meaning specified in subsection 2.05(a).